FFF is right on. The first step is to get the stop sign removed. The next step is to make sure the focus is on earnings. We have all proved our patience. CPRK should stop spending money it doesn't have. Hopefully, the new management is not related to all of the workers and just keeps them going never mind cash flow, earnings, etc.
It's time to put plans in place that are followed and that have backup plans.
The planning should be based on using assets and human resources with the goal of operations that convert to cash.
We've got a mill. We can sell magnetite and, once we get the guys with shovels into the ore feed inlet putting ore into the mill, we can sell concentrate.
We need to get the revenue established.
Once that is done, we need to see some earnings.
If we are patient, we need to set a plan for SX/EW, and use professional procurement principles to get a real, SX/EW system purchased and going.
No more writing checks and hoping the snake oil people show up on the day promised.
Purchases need to have mobilization, deliverables, etc., as anyone who has had a construction loan knows, you kind of pay as you go and you buy what is real. It will result in a lot fewer phone calls to Washington DC saying "waaaaaah!" to some senior senator.
Incentives are built into the purchase price for successful installation and operation of a system by a certain date.
No more saying that everyone involved is a "state-of-the-art" professional who we are lucky to have and who not only know how to construct the erector set, but they also are the world's foremost experts on running it. (Probably including the guys working the shovels on the inlet to the mill in the video.)
The mill should be organized and it should not be up to one person to give the tour, cheer on the crew, stop and see how everything is going, work the claims, hire the cronies, plan the hunting trip, and own all of the stock, all making it nigh unto impossible to hope for anyone else to let someone know that things could be better.
It would be nice for a plan to be outlined that isn't just another example that the Bard was onto something with "there's many a slip twixt cup and lip."
Please don't promise us operation next month and dividends in a few months, and please don't think it will be easy to be better than MD The guy worked like crazy. So you new guys need to also work hard and smart to make this thing into its potential.
AI
